4 ms·
Actually proof of stake can by hybrid one: You will need both mining power and staking. By having 2x coins you will have 4x voting power. That way you will re
by kwikiel 10y ago
Actually proof of stake can by hybrid one:
You will need both mining power and staking.
By having 2x coins you will have 4x voting power.
That way you will reduce waste on mining while still having security coming from it.
- Taek 10y agoThat's a naive solution that has dramatic centralizing effects. By owning more coins, you are stronger than the competition. The miner with the most coins will out compete the rest, and you will be left with one miner. This problem has been very well studied and there are not any simple solutions available. Many academics believe that it's fundamentally impossible.